President Trump on Wednesday signed an executive order declaring a "national emergency" that would empower his administration to block foreign tech companies from doing business in the U.S. if they are deemed a national security threat. The order does not name any countries or companies, but the administration has launched a global campaign to keep the Chinese telecom Huawei from helping U.S. allies develop next-generation wireless infrastructures.
After decades of energy dependence, the United States became the largest energy producer in the world in 2018, topping Saudi Arabia and Russia in the production of crude oil and natural gas. Five years ago, U.S. LNG exports were virtually non-existent, with the exception of pipelines between the United States, Mexico and Canada. By 2020, the Energy Information Agency projects the United States will become a net exporter of energy for the first time since the 1950s.
As a tool of national policy, tariffs had long been fading into history, a relic of the 19th and early 20th centuries that most experts came to see as harmful to all nations involved. Yet more than any other modern president, Trump has embraced tariffs as a punitive tool -- against Europe, Canada and other key trading partners but especially against China, the second-largest economy after the U.S.
President Donald Trump boosted tariffs Friday on $200 billion in goods from China and was preparing more in his most dramatic steps yet to extract trade concessions, further roiling financial markets and casting a shadow over the global economy. China immediately said in a statement it is forced to retaliate, though hadn’t specified how as of 3:55 p.m. in Beijing.
America has more high-tech jobs available than we have qualified people to fill. That reality has prompted the Consumer Technology Association (CTA) to join the Trump administration's Pledge to America's Workers. As part of that pledge, the organization promises to create 392,214 new U.S. worker training opportunities over the next five years.
Senior administration officials said during a call with reporters that the order will create a rotational program for cybersecurity staffers within the federal government to let them work at different agencies and pick up new skills. And they said that other measures in the order, like creating a “President’s Cup Cybersecurity Competition” for cybersecurity, will ultimately improve the quality of cybersecurity staffers in both the government and in the private sector.
Approving the T-Mobile merger with Sprint will not help us win the race to 5G, even though T-Mobile and Sprint are touting 5G as the main reason their merger should be approved. The two companies claim that America needs their merger to win the 5G arms race. However, those same companies tell Wall Street that they are well positioned for 5G as standalone firms.
President Trump is expected to formally nominate Patrick M. Shanahan to be his permanent defense secretary as soon as next week, two administration officials tell Fox News. This, after an internal Pentagon investigation concluded that the acting defense secretary did not show any bias in favor of his former employer, aerospace giant Boeing.
President Trump is delivering remarks on 5G deployment, as his White House encourages U.S. companies to lead the world in 5G innovation without providing much support or infrastructure for such a rollout. By next year, Mr. Trump claimed, the U.S. should boast more 5G spectrum than any other country. "It's all about 5G now," Mr. Trump said, calling 5G a "big deal."
There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work. The Trump administration sought to clear away those hurdles Wednesday with new guidelines designed to meet investor wishes, while leaving unresolved some issues flagged by critics.